Cheniere Energy Partners LP (NYSEAMERICAN:CQP) was the recipient of a large growth in short interest in the month of January. As of January 12th, there was short interest totalling 1,567,048 shares, a growth of 48.1% from the December 29th total of 1,057,996 shares. Currently, 3.7% of the company’s stock are sold short. Based on an average daily volume of 162,781 shares, the short-interest ratio is presently 9.6 days.
Shares of Cheniere Energy Partners (CQP) opened at $30.18 on Tuesday. Cheniere Energy Partners has a 12-month low of $26.41 and a 12-month high of $33.47. The firm has a market cap of $14,170.00, a PE ratio of 52.03 and a beta of 0.90.
Cheniere Energy Partners (NYSEAMERICAN:CQP) last announced its quarterly earnings data on Tuesday, November 14th. The energy company reported ($1.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($1.56). The business had revenue of $903.00 million during the quarter, compared to analyst estimates of $1.14 billion. Cheniere Energy Partners had a net margin of 2.55% and a return on equity of 19.48%.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Friday, February 2nd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.63%. The ex-dividend date of this dividend is Thursday, February 1st. This is a boost from Cheniere Energy Partners’s previous quarterly dividend of $0.44. Cheniere Energy Partners’s payout ratio is 344.83%.
A number of analysts have recently weighed in on the stock. BidaskClub upgraded shares of Cheniere Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 7th. Royal Bank of Canada dropped their price target on shares of Cheniere Energy Partners from $35.00 to $32.00 and set an “outperform” rating on the stock in a research report on Monday, October 16th. Zacks Investment Research lowered shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Stifel Nicolaus initiated coverage on shares of Cheniere Energy Partners in a report on Thursday, January 4th. They set a “hold” rating and a $30.00 price objective on the stock. Finally, Barclays set a $35.00 price objective on shares of Cheniere Energy Partners and gave the company a “hold” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $34.00.
In related news, Director Jamie Welch purchased 8,654 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was acquired at an average price of $27.50 per share, with a total value of $237,985.00. Following the completion of the acquisition, the director now owns 8,654 shares in the company, valued at approximately $237,985. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Cqp Common Holdco L. Blackstone acquired 25,466 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was acquired at an average price of $28.61 per share, for a total transaction of $728,582.26. The disclosure for this purchase can be found here. Insiders bought a total of 838,701 shares of company stock valued at $24,581,185 in the last ninety days.
A number of hedge funds and other institutional investors have recently bought and sold shares of CQP. Allianz Asset Management GmbH acquired a new position in Cheniere Energy Partners during the 3rd quarter worth approximately $331,000. First Allied Advisory Services Inc. grew its holdings in Cheniere Energy Partners by 45.0% during the 3rd quarter. First Allied Advisory Services Inc. now owns 26,309 shares of the energy company’s stock worth $759,000 after acquiring an additional 8,160 shares in the last quarter. Blackstone Group L.P. grew its holdings in Cheniere Energy Partners by 5,731.3% during the 3rd quarter. Blackstone Group L.P. now owns 202,450,687 shares of the energy company’s stock worth $5,834,629,000 after acquiring an additional 198,978,886 shares in the last quarter. Jane Street Group LLC grew its holdings in Cheniere Energy Partners by 7.7% during the 3rd quarter. Jane Street Group LLC now owns 55,075 shares of the energy company’s stock worth $1,587,000 after acquiring an additional 3,953 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in Cheniere Energy Partners by 18.1% during the 3rd quarter. California Public Employees Retirement System now owns 38,734 shares of the energy company’s stock worth $1,116,000 after acquiring an additional 5,934 shares in the last quarter.
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Cheniere Energy Partners Company Profile
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc (Cheniere). The Company operates through liquefaction and regasification operations at the Sabine Pass LNG terminal segment. Through its subsidiary, Sabine Pass Liquefaction, LLC (SPL), it is developing, constructing and operating natural gas liquefaction facilities (the Liquefaction Project) at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast.
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